According to Sinha, the timing of the announcement couldn't have been better for Tata Power. To install solar panels in one crore households, domestic content requirement (DCR) solar PV modules will be needed, and Tata Power's new module-making unit will be well-positioned to supply the same.
Among other things, it will build a 10GW polysilicon manufacturing unit and increase wind turbine production capacity to 5GW from 1.5GW, all at Mundra. The capex for the fully integrated solar manufacturing plan would be over Rs 300 crore, Adani officials said
Gas Recovery and Recycle Limited (GR2L), an MSME (micro small and medium enterprise) business in Surrey, claims to have developed, patented and exported cutting-edge technology to reduce the energy consumption, carbon footprint and cost of manufacturing solar panels.
Consolidated revenue from operations for the Tata Group company remained almost flat with an increase of only 1.5 percent at Rs 14,982.55 crore compared to Rs 14,752.69 crore during the same period last year
The group’s flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat.
The Mundra Thermal Power Plant — and its debt, that appears designed to shield Adani Power from extraordinary writeoffs — exemplifies this balancing act, where a single asset writedown could have cascading ramifications
Pakistan is taking advantage of its geographical location for drug business in the Golden Crescent and its porous border with Afghanistan serves as major transit corridor for the drugs, the note added.
The pipeline, which will have a nameplate capacity of 17.5 million tonne per annum, will transport imported crude oil from the Gujarat coast to the firm’s refinery in Haryana, the company said in a statement.
Sources at the Iranian Embassy in Delhi told Moneycontrol they are monitoring the situation and will bring it up with the government. But exporters remain concerned that the growing shipments to Iran, mostly routed through APSEZ's Mundra port, will suffer a major blow.
Use of sea routes for drug trafficking is worrying as huge quantities can be smuggled in compared to land or air routes, making detection difficult and challenging for agencies, experts say.
Valuations too remain supportive, based on the FY19 estimates earnings of Rs 20 a share
If 51 percent stake is sold, Tata Power will be able to bring its debt down by close to Rs 14,000 crore as against its current consolidated debt of close to Rs 48,000 crore.
EBITDA in Q3 is likely to fall 4 percent at Rs 1927 crore against Rs 2008 crore while margins may stand at 31.8 percent versus 32.4 percent year-on-year.
Higher profitability at Maithon, higher EBIT spread for Coal and lower losses at Mundra may drive bottomline.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market.
Adani Power's first quarter consolidated loss may get narrowed to Rs 205 crore from Rs 417 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
The strategy is part of Gautam Adani-led Adani Group's plans to develop a world-class portfolio of ports and allied logistics facilities to capture the benefits of the country's emergence as a global container transhipment hub.
The IFC loaned USD450 million to help build the coal-fuelled Mundra power plant in Gujarat, which became fully operational in 2013.
The company is getting closer to the Arutmin mine stake sale and is likely to be completed in six months, said Anil Sardana, CEO & MD Of Tata Power.
The company's Board of Directors accorded approval for investment in seven transmission project proposals in their meeting held on January 12, Power Grid said in a BSE filing
Maharashtra additional chief secretary for ports Gautam Chatterjee says the policy will make the Maharashtra Maritime Board the single point of contact for all the port-related permissions
Revenue is likely to increase 8.8 percent to Rs 1,801 crore from Rs 1,655 crore in same period. Operating profit may climb 10.4 percent to Rs 1,160 crore and margin may expand by 90 basis points to 64.4 percent compared to year-ago period.
Addressing the Ficci-organised capital market summit, Mundra also pitched for a vibrant capital market so that investments could flow in.
Chinese energy giant GCL Group has entered into strategic pact with Adani Enterprises to cooperate in the energy sector, including setting up an industrial park with a complete photo-voltaic industry chain in Gujarat.
The small finance banks can provide basic banking services like accepting deposits and lending to the unbanked sections such as small farmers, micro business enterprises, micro and small industries and unorganised sector entities.